Construction and Development Costs definition

Construction and Development Costs means any and all costs and expenses incurred in connection with: (i) the design, development, construction and start-up of the Facility, including, without limitation: (a) all fees and expenses payable pursuant to the terms and provisions of the Design Agreements, (b) all fees and expenses incurred for architectural, engineering, environmental, interior design work, site work, construction costs, material and labor expenses, and planning and professional fees not otherwise included in the Design Agreement, (c) infrastructure improvements, utility installations and hook-up fees, (d) construction permits, certificates and bonds and (e) any payments or expenditures required under the terms of the Commonwealth or any other governmental entity, related to impact mitigation or costs of providing services, (ii) the acquisition, installation and initial testing of the Furnishing and Equipment within the Facility, (iii) Start-Up Expenses, (iv) STWC Fee, payable and (v) all costs, fees and expenses, however designated, incurred in connection with or pursuant to any construction or development-related borrowings by COPR relating to the Project or the Enterprise.
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Construction and Development Costs means the costs incurred by the Company and the Related Entities prior to the Closing Date (to the extent such costs are paid or are included in the Closing Adjustment) in excess of the $26,137,997 of costs incurred and paid with respect to short-term pipeline projects that are already included in the parties’ calculation of the Base Purchase Price (and reflected in the “Projects in Construction Budgets” included in the Company Budget) that are related to the construction and design of any Development Property, Planned Development Property, or Potential Development Property, whether in the conceptual, feasibility, planning, design, entitlement or construction phase, and including without limitation all reasonable and customary demolition and excavation costs, earth moving and construction costs, costs of materials, costs of equipment and fixtures to be installed and incorporated into a Development Property, Planned Development Property or Potential Development Property, costs of mechanical systems, landscaping costs, administrative costs, labor costs, sales tax, costs and fees of third-party space planners, feasibility consultants, architects, engineers, lawyers and other professionals, pre-leasing/marketing costs, financing/tax credit application and closing costs, costs of insurance, travel expense, interest costs, interim ground rent, real property taxes, development fees, construction overhead, land acquisition costs, application fees, costs of any Permits or Entitlements, and any other similar costs that are reasonable and customary in the Company’s industry, but in each case only to the extent that such costs are expressly provided in the Company Budget or otherwise consented to in writing by Parent (which consent shall not be unreasonably withheld or delayed).
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Examples of Construction and Development Costs in a sentence

  • Mine under Construction and Development Costs The costs associated with exploration and evaluation properties are transferred to mine under construction once the work completed to date supports the future development of the property and such development receives appropriate approvals.

  • Examples include ministerial approval processes for a variety of housing types, streamlined environmental review processes, streamlined permitting processes, and reduced plan check times.3. Reduction of Construction and Development Costs (11 possible points).

  • A description of the elements included in the Construction and Development Costs is provided in Table 2.2. Greater details of the costing approach are provided in Appendix A.

  • Estimated Construction and Development Costs by ADU TypeTotal Development Costs Notes: These data reflect construction costs during the time period from mid-2017 through mid-2019.Cost estimates are reflective of a full kitchen, one bathroom per ADU, standard interior quality fixtures and furnishings, and normal site conditions.

  • STWC, with the assistance and input of the architect, shall submit to COPR proposed budgets (collectively, the "Development Budget") for all Construction and Development Costs, and related costs which may be identified, prior to the commencement of design by any design consultants.

  • This program creates incentives for jurisdictions that are compliant with housing laws, housing element requirements, and have enacted, or plan to enact, Pro-Housing policies in four category areas: Favorable Zoning and Land Use, Accelerating Production Timeframes, Reducing Construction and Development Costs, and Providing Financial Subsidies.

  • The Department shall further assess applicants’ Prohousing Policies using the following four scoring categories: Favorable Zoning and Land Use; Acceleration of Housing Production Timeframes; Reduction of Construction and Development Costs; and Providing Financial Subsidies.

  • Design, Construction, and Development Costs Certain costs to design and construct processing facilities and mine may be incurred prior to establishing proven and probable reserves.

  • STWC, with the assistance and input of the architect, shall submit to TBD proposed budgets (collectively, the "Development Budget") for all Construction and Development Costs, and related costs which may be identified, prior to the commencement of design by any design consultants.

  • Purchase Price of Land$ Construction Costs:Construction/Building Total Eligible Costs $ (Total Acquisition, Construction, and Development Costs) (Note: Total Funding Sources must equal Total Project Costs)*Purchase Price of Land cannot be included in Eligible Costs.

Related to Construction and Development Costs

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Construction and demolition debris means and includes:

  • Land development means the erection of buildings or structures on land, or the change of use of land, including township establishment, the subdivision or consolidation of land or any deviation from the land use or uses permitted in terms of an applicable land use scheme;

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Operation and Maintenance Costs means the costs of:

  • Project Improvements means site improvements and facilities that are:

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Project Implementation means all steps which the Grantee undertakes in order to deliver the Project which is being supported by funding provided under this Grant Contract. Any reference to UK primary legislation (Acts) or secondary legislation (Statutory Instruments) in this Grant Contract includes reference to any changes to or replacement of those Acts or Statutory Instruments.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction industry means the work activity designated in sector group 23 - construction of the North American classification system - United States Office of Management and Budget, 1997 edition.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;